Wednesday05 February 2025
centralasiabusiness.com

The Central Bank of Uzbekistan has imposed restrictions on the operations of two banks.

The Central Bank of Uzbekistan has imposed restrictions on the active operations of two banks that failed to meet the minimum capital requirements. This was reported on January 22 by the head of the banking prudential supervision department, according to Spot.
Центральный банк Узбекистана ввел ограничения на деятельность двух банков.

Starting from January 1, 2025, banks are required to have a minimum charter capital of 500 billion sums. In 2024, 14 banks did not meet this requirement, but by the beginning of 2025, only four such organizations remained.

According to Fazilov, two of these banks failed to reach the minimum charter capital due to technical difficulties. For instance, Saderatbank, linked to Iran, was affected by the unstable exchange rate. Meanwhile, "Poytakht Bank," which recently underwent privatization, has received an extension until 2028.

The other two banks are Yangi Bank and Kazakhstan's "Eurasian Bank," which obtained a license in 2024. The central bank, in collaboration with these banks, has developed plans to increase their charter capital. Specifically, "Eurasian Bank" is required to replenish its capital by March using funds held at Tenge Bank.